The program is no longer in existence but there are many details provided on the link about the structure of the program and the process in which it was run.

This was a pilot program used to offer 30 bicycles — 15 for international students and 15 for domestic students, all without cars — in an effort to reduce car congestion, parking issues and gas emissions on campus

$50 deposit by cash, credit card or Rocket Card

Each participant was to receive a bike to use for the entire school year

A gentleman from UT at Snyder Memorial building worked upon old bicycles and repaired
them in his garage.

The expenses/payments of the program was in part borne by money from the Rebate Program.

Traffic Control Devices

There are traffic control devices to limit traffic in the center of campus to emergency
vehicles and deliveries. Signs are posted to restrict traffic and we enforce and gain
compliance through ticketing.